Cryptocurrency markets have faced considerable volatility in the first few months of 2024. VeChain has been one that has seen its value mostly rise since the turn of the year, growing by nearly 100x from December 2023 to March 2024. The price has since moved, with this turbulence leading to many interested in finding a reliable VeChain forecast.
Understanding VeChain’s potential during volatile markets can be difficult, as price direction frequently fluctuates. In this VeChain price prediction, we will explore possible future price moves, examine the token’s historical performance, and detail the wider project behind the VeChain token.
VeChain Price Prediction Overview
VeChain (VET) has been gaining attention as a promising blockchain project with real-world use cases in supply chain management, logistics, and enterprise solutions. As investors seek insights into its future VeChain price movements, various price prediction models have emerged to forecast its potential trajectory over the coming years.
Here’s a summary of VET price predictions for the years ahead:
| Year | Potential Low | Average | Potential High |
| 2024 | $0.025 | $0.030 | $0.070 |
| 2025 | $0.050 | $0.070 | $0.10 |
| 2026 | $0.090 | $0.10 | $0.15 |
| 2027 | $0.10 | $0.14 | $0.18 |
| 2028 | $0.15 | $0.17 | $0.22 |
| 2029 | $0.20 | $0.23 | $0.26 |
| 2030 | $0.25 | $0.27 | $0.32 |
These VeChain price forecasts are based on various factors such as market trends, adoption rates, technological developments, and macroeconomic conditions. It’s important to note that the cryptocurrency market is inherently volatile, with swings on either side of these VET coin price predictions inevitable.
That said, let’s look at these predictions individually by year, starting with VeChain’s price prediction for 2024.
VeChain Price Prediction 2024
VeChain is currently up nearly 70% in the last year as you can see in the price chart below and is expected to continue its upward trajectory in 2024. This is driven by increased adoption and utilization of its blockchain solutions, with growing interest from enterprises and governments in blockchain technology for supply chain management and authenticity verification. In 2018, VeChain partnered with PWC China, helping to grow its network adoption.
After starting the year at a low of $0.025, VET is now trading at $0.035. Having already reached a high of $0.055, VeChain’s price could range from its above low to $0.040 as a maximum price, with an average trading price of around $0.30 for the remainder of the year.
Next, let’s analyse the VET price forecast for 2025.
VeChain Price Prediction 2025
As VeChain’s ecosystem matures and more use cases are implemented, its price could continue to trend upwards. In 2025, VeChain’s price could potentially reach $0.10 at the higher end, with an average price of around $0.070 and a potential low of $0.050. One reason for this could be its upcoming service called Marketplace-as-a-Service (MaaS) set to launch in 2025.
This will be a no-code white-label solution and their first enterprise client is the MotoGP racing team, Gresini Racing. The purpose of this is to provide businesses and individuals with a no-code NFT platform for selling and transferring digital assets. Should this be successful, you could see a surge in activity on the VeChain blockchain, with higher levels of adoption.
VeChain Price Prediction 2026
By 2026 global markets will likely have rebounded from the crisis caused by high interest rates and inflation, with investment into high-risk crypto assets returning to the levels seen during the pandemic. If so, VeChain price prediction during the next bull run will see continued growth.
This will be the case especially if its blockchain solutions gain traction across industries. The global Internet of Things (IoT) supply chain market is expected to grow to $35 billion by 2027, with VeChain potentially set to be a key part of this ecosystem.
The potential price range for VeChain in 2026 is forecasted to be between $0.090 and $0.15, with an average price of $0.10.
VeChain Price Prediction 2030
Looking further ahead to 2030, VeChain’s price could see substantial appreciation if its technology continues to be adopted on a global scale. For example, its partnership with Walmart in China has recorded $200 million in transactions. Should this increase, with different partners in different geographies, we could eventually see a VeChain price forecast for 2030 is a price range of $0.25 to $0.32, with an average price of around $0.27.
While some experts have a VeChain price prediction of $75, we think this is highly unlikely at this stage.
Now let’s take a closer look at a VeChain price prediction for 2040.
VeChain Price Prediction 2040
While long-term predictions are more speculative, VeChain’s price could continue to rise over the next two decades. Especially if it should continue to build on its existing partnerships, and become a more critical part of the global supply chain
A VeChain price prediction of $1,000 seems unlikely by 2040, considering the current price of VeChain. However, depending on sustained adoption and advancements in blockchain technology, we could see VeChain break the $1 barrier. What could a VET price prediction in 2050 look like?
Historical Performance of VeChain
VeChain’s price history provides valuable insights into its past performance and market dynamics. Since its launch in 2015, VeChain has experienced significant price fluctuations, reflecting the volatility inherent in the cryptocurrency market. VET fell to a low of $0.001678
In March 2020, during the outbreak of COVID-19, which resulted in global shutdowns. Chinese-based VeChain was heavily impacted, as China was the initial epicenter of the pandemic.
However, after markets started to rebound, the token peaked at $0.2782 back on April 17, 2021, during the crypto bull run that sent several altcoins, and meme coins like DOGE to record highs. Despite being 87% away from its record high, VET is +2011.68% higher than its 2020 low.
Overall, VeChain has demonstrated resilience and long-term growth potential, attracting investors seeking exposure to blockchain solutions for supply chain management and enterprise applications.
After looking at the VeChain prediction and digging deeper into its history, let’s explore the wider project itself.
What is VeChain and What is it Used For?
VeChain is a blockchain that has been designed to increase the efficiency of the supply chain management processes. The main objective is to streamline these procedures and simplify the information flow for complex supply chains through the use of distributed ledger technology (DLT).
The platform utilizes two distinct tokens: VeChain Token (VET) and VeThor Token (VTHO). VET is used as a store of value and to facilitate transactions on the platform, while VTHO represents the underlying cost of using the blockchain and is used to power transactions.
VeChain’s real-world applications are extensive, ranging from preventing counterfeiting in the luxury goods sector to ensuring the safety and traceability of pharmaceutical products and food supply chains. By leveraging smart chips or RFID tags, VeChain allows manufacturers and suppliers to assign products with unique identifiers on the blockchain, which can then be tracked across the supply chain lifecycle.
Factors Influencing VeChain’s Price Forecast
The price of VeChain, like any other cryptocurrency, is influenced by a variety of factors ranging from macroeconomic indicators to changes within the VeChain network itself.
VeChain Adoption and Partnerships
VeChain’s adoption rate and its partnerships with established companies are crucial to its valuation. The platform has secured multiple partnerships with global enterprises, including well-known names in various industries such as Walmart China, BMW, and the Shanghai Gas Group. These partnerships not only validate the platform’s utility but also enhance its visibility and credibility, which in turn fuel investor confidence and potentially drive up the price of VET.
Overall Market Sentiment
The overall sentiment in the cryptocurrency market also plays a significant role in influencing VeChain’s price. Market trends, investor sentiment, and attitudes toward blockchain technology and cryptocurrencies in general can significantly affect VET’s price. During bull markets, VeChain often experiences substantial gains, like seen in 2021, while bear markets can lead to pronounced losses.
New Technology Development
Technology developments and updates to the VeChain blockchain can impact its price forecast. Innovations that improve the scalability, efficiency, or security of VeChain or introduce new utilities to the blockchain can attract more users and, consequently, increase demand for VET.
VeChain Price Predictions by Other Experts
Several crypto experts have weighed in on VeChain’s future, offering varied predictions based on its trajectory and current market conditions. One of these predictions has been made by VeChain expert and crypto YouTuber “Crypto with James”, who has over 63,000 subscribers on his channel.
Crypto With James VeChain Prediction
James views VeChain as a solid investment with a promising future, especially with the company’s move into payments. He predict that the price of VET could reach up to $0.40 in the near future. He also cites a recent partnership with UFC and a pending global payment system could help push VET to a market cap of around $30 billion.
AMB Crypto VeChain Prediction
AMB Crypto, a popular financial forecasting service, views VeChain as a solid investment with a promising future. They predict that VeChain could surge to $0.074 in 2024, with a bullish target of $7.62 by 2030. Assuming the current trends continue and the network sees increased adoption and technological advancements.
Is VeChain a Good Investment?
Deciding whether VeChain is a good investment depends on your investment goals and risk tolerance. The potential for VeChain lies in its real-world applications and the continued expansion of blockchain technology into various industries.
However, like all cryptocurrencies, VeChain comes with its risks, including market volatility and regulatory uncertainties. Potential investors should conduct thorough research and consider both the potential rewards and risks.
The price is over 87% lower than the all-time high of $0.2782 reached in 2021, meaning that there is still significant upside potential for investors who enter the market at this point. So those who asked if VeChain is dead following this drop, a more optimist question would be is this a good time to buy a dip?
Best Place to Buy VeChain Coin
VeChain can be bought on several leading cryptocurrency exchanges that offer robust security measures and user-friendly platforms. Some of the most popular exchanges include Binance, MEXC, and eToro. These platforms provide easy-to-use interfaces for both novice and experienced traders and offer different trading pairs, including VET to USD and VET to BTC.
Before purchasing, it’s important to consider factors such as fees, security features, and the geographical restrictions of each exchange. Read our guide to find out more about the best crypto exchanges to use to buy VET.
Bottom Line for VeChain
VeChain’s innovative approach to integrating blockchain technology into supply chain management makes it uniquely positioned to address some of the most persistent issues faced by industries around the globe. Its ability to enhance transparency, reduce costs, and prevent fraud while ensuring easy traceability sets it apart in the blockchain space.
The future of VeChain largely depends on broader market adoption and its continued partnerships with global enterprises. If it manages to maintain its trajectory and evolve with technological advances, VeChain could see significant growth and further integration into industries that depend on reliable and secure supply chain solutions.
FAQs
What will VeChain coin be worth in 2025?
Predictions suggest VeChain might reach between $0.050 and $0.10 by 2025, influenced by market adoption and technological developments.
Can VET hit $10?
While reaching $10 would require significant growth and favorable market conditions, it remains a long-term possibility rather than a near-term probability.
Does VeChain have a future?
Given its ongoing partnerships and niche in supply chain management with the likes of Walmart, VeChain likely has a promising future as it continues to evolve.
What will VeChain be worth in 2030?
Our estimates for 2030 range from $0.25 to $0.32, contingent on broader market sentiment and technological advancements within VeChain’s ecosystem.
What price will VeChain reach in the next bull run?
By 2026, when some believe the next bull run will be at its peak, VeChain could possibly reach between $0.15 and $0.20.
Is VeChain dead?
VeChain is actively developing and securing new partnerships, indicating that it remains a vital and evolving project in the blockchain sector.
References
- VeChain partners with PWC (Yahoo Finance)
- Walmart hits $200 million transactions with VeChain (The Street)
- VeChain confirms BMW partnership (Finance Magnates)
- VeChain signs $100 million UFC deal (Forbes India)
- VeChain targets major payments deal (Binance)
- Supply Chain IoT Market Size, Share and Global Market Forecast to 2027 (MarketsandMarkets)
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